Ensuiko Sugar Refining Co (TSE:2112) E10: 円41.67 (As of Mar. 2026)

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TSE:2112 Ensuiko Sugar Refining Co Ltd TSE:2112
64 GF Score
Price 円464.00
GF Value 円328.44
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Ensuiko Sugar Refining Co E10?

Ensuiko Sugar Refining Co TSE:2112 -0.64% 64 E10 is 円41.67 as of Mar. 2026. GuruFocus rates TSE:2112 with a GF Score™ of 64/100 and a GF Value™ of 円328.44 (Significantly Overvalued). The stock has 1 warning sign investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Ensuiko Sugar Refining Co's adjusted earnings per share data for the three months ended in Mar. 2026 was 円19.684. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円41.67 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 20.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Ensuiko Sugar Refining Co was 20.40% per year. The lowest was -2.40% per year. And the median was 2.60% per year.

As of today (2026-09-11), Ensuiko Sugar Refining Co's current stock price is 円464.00. Ensuiko Sugar Refining Co's E10 for the quarter that ended in Mar. 2026 was 円41.67. Ensuiko Sugar Refining Co's Shiller PE Ratio of today is 11.14.

During the past 13 years, the highest Shiller PE Ratio of Ensuiko Sugar Refining Co was 14.77. The lowest was 7.66. And the median was 9.79.


Ensuiko Sugar Refining Co  (TSE:2112) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Ensuiko Sugar Refining Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=464.00/41.67
=11.14

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Ensuiko Sugar Refining Co was 14.77. The lowest was 7.66. And the median was 9.79.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Ensuiko Sugar Refining Co E10 Related Terms


Ensuiko Sugar Refining Co E10 Historical Data

* Premium members only.

The historical data trend for Ensuiko Sugar Refining Co's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ensuiko Sugar Refining Co E10 Chart

Ensuiko Sugar Refining Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.63 23.88 28.85 0.00 41.67

Ensuiko Sugar Refining Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36.21 38.59 40.92 41.67 0.00

TSE:2112 vs MDLZ, HSY, TR: E10 Comparison

For the Confectioners subindustry, Ensuiko Sugar Refining Co's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ensuiko Sugar Refining Co Shiller PE Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ensuiko Sugar Refining Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Ensuiko Sugar Refining Co's Shiller PE Ratio falls into.


TSE:2112
64GF Score
Ensuiko Sugar Refining Co Ltd TSE:2112
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ensuiko Sugar Refining Co E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Ensuiko Sugar Refining Co's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=19.684/112.7000*112.7000
=19.684

Current CPI (Mar. 2026) = 112.7000.

Ensuiko Sugar Refining Co Quarterly Data

per share eps CPI Adj_EPS
201603 1.620 97.900 1.865
201606 11.610 98.100 13.338
201609 5.810 98.000 6.682
201612 4.420 98.400 5.062
201703 -1.586 98.100 -1.822
201706 10.660 98.500 12.197
201709 8.150 98.800 9.297
201712 14.680 99.400 16.644
201803 -0.040 99.200 -0.045
201806 16.720 99.200 18.995
201809 1.033 99.900 1.165
201812 9.870 99.700 11.157
201903 3.357 99.700 3.795
201906 11.920 99.800 13.461
201909 1.549 100.100 1.744
201912 13.010 100.500 14.589
202003 2.139 100.300 2.403
202006 11.710 99.900 13.210
202009 -0.450 99.900 -0.508
202012 8.853 99.300 10.048
202103 8.460 99.900 9.544
202106 10.160 99.500 11.508
202109 -1.584 100.100 -1.783
202112 7.130 100.100 8.027
202203 6.685 101.100 7.452
202206 8.240 101.800 9.122
202209 -3.159 103.100 -3.453
202212 7.730 104.100 8.369
202303 5.450 104.400 5.883
202306 32.550 105.200 34.871
202309 0.460 106.200 0.488
202312 12.630 106.800 13.328
202403 8.310 107.200 8.736
202406 26.440 108.200 27.540
202409 12.090 108.900 12.512
202503 0.000 111.100 0.000
202506 26.250 111.700 26.485
202509 28.960 112.000 29.141
202512 25.580 113.000 25.512
202603 19.684 112.700 19.684

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of 円41.67 mean?
Ensuiko Sugar Refining Co (TSE:2112) has a E10 of 円41.67 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ensuiko Sugar Refining Co and its competitors.
Is Ensuiko Sugar Refining Co's E10 too high?
Ensuiko Sugar Refining Co's current E10 is 円41.67. Overall, Ensuiko Sugar Refining Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ensuiko Sugar Refining Co's E10 compare to MDLZ and HSY?
Ensuiko Sugar Refining Co's E10 of 円41.67 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Consumer Packaged Goods company?
A good E10 depends on the Consumer Packaged Goods industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ensuiko Sugar Refining Co and its competitors. Ensuiko Sugar Refining Co's current E10 is 円41.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ensuiko Sugar Refining Co stock overvalued right now?
Based on GuruFocus' analysis, Ensuiko Sugar Refining Co (TSE:2112) is currently considered Significantly Overvalued. The stock's GF Value™ is 円328.44, compared to a current price of 円464.00 — trading 41.3% above its estimated fair value. The current E10 is 円41.67. Ensuiko Sugar Refining Co's overall GF Score™ is 64/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Ensuiko Sugar Refining Co (TSE:2112), the current E10 is 円41.67 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ensuiko Sugar Refining Co (TSE:2112) Overvalued in 2026?

Based on GuruFocus' analysis, Ensuiko Sugar Refining Co stock appears to be overvalued. The current stock price of 円464.00 is trading 41.3% above its estimated GF Value™ of 円328.44. GuruFocus considers Ensuiko Sugar Refining Co to be Significantly Overvalued.

Key valuation signals for TSE:2112:

  • E10: 円41.67
  • GF Value™: 円328.44 vs. price of 円464.00 (41.3% above fair value)
  • GF Score™: 64/100 with 1 warning sign

No single metric tells the full story. See the TSE:2112 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ensuiko Sugar Refining Co Business Description

Address New ESR Building, 2 - 9 - 6 Nihonbashi Tori Town, Chuo-ku, Tokyo, JPN, 103-0012
Ensuiko Sugar Refining Co Ltd operates in the confectionery industry. The company is engaged in the manufacturing and distribution of sugar. It offers a wide range of products ranging from home use to business use, including white sugar, stick sugar for coffee and tea, and gum syrup.
64GF Score

Get the complete analysis for TSE:2112

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円464.00
Price
円328.44
GF Value